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restaurant hygiene. We first extract signals of hygiene from Yelp. Among all dimensions that regulators monitor through mandated … restaurant inspections, we find that reviews are more informative about hygiene dimensions that consumers directly experience …
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This paper uses the 2015 Volkswagen emissions scandal as a natural experiment to provide causal evidence that group reputation externalities matter for firms. Our estimates show statistically and economically significant declines in the U.S. sales and stock returns of, as well as public...
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